NEW DELHI: The National Company Law Tribunal (NCLT) expressed surprise that Aircel chose to file for bankruptcy on its own and said it admitted the telcos plea because it believes there is potential to revive the business, given the companys current revenue generation and over Rs 32,000 crore worth of assets, including spectrum.
The reasons were revealed in the detailed order passed by the tribunal in Mumbai on Monday, a few days after the Chennai-based companys petition was admitted and Vijaykumar V Iyer of Deloitte was appointed as the insolvency resolution professional to inform the tribunal of the insolvency proceedings in a month.
Prima facie it has also been demonstrated that there is a scope of revival of the company and also be…
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